Exchanges

Financial authorities in South Korea are taking steps to enforce strict eligibility reviews for major shareholders of cryptocurrency exchanges. This move aims to mirror the standards upheld within the banking sector and address the increasing legal turmoil surrounding prominent domestic exchanges like Bithumb and Upbit. The Financial Intelligence Unit (FIU) under the Financial Services Commission
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South Korea’s leading cryptocurrency exchange, Upbit, recently found itself facing a major crisis after being targeted by fraudulent activities involving counterfeit tokens. As a result, the exchange was forced to suspend all withdrawals and deposits of Aptos’ native token, APT. This incident not only raised concerns about the security of digital asset exchanges but also
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The cryptocurrency industry is no stranger to regulatory challenges, and stablecoins have found themselves in a particularly tough position. Amidst the uncertainties surrounding the forthcoming Markets in Crypto Assets (MiCA) regulations in Europe, recent reports suggested that Binance, one of the world’s largest crypto exchanges, may delist stablecoins. However, Binance CEO Changpeng Zhao (CZ) has
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The recent controversial donation of $3 million in Binance Coin (BNB) by Binance Charity to victims of the earthquake in Morocco has ignited a debate surrounding the role of cryptocurrencies in humanitarian aid. Critics argue that immediate essentials like food and water are more important than cryptocurrency donations. However, CZ Binance, the CEO of Binance,
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